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House Hunting in Spain: An Updated Finca With Guesthouse on Ibiza

This six-bedroom country home sits on more than 12 forested acres on a dirt road in the center of Ibiza, one of the Balearic Islands of Spain in the Mediterranean Sea.

The original home, built in traditional Spanish finca style, likely dates back several hundred years, said Florian Fischer, the managing partner of Engel & Völkers Ibiza, which has the listing. The thick stone walls help keep the house warm in the winter and cool in the summer.

market report by Engel & Völkers. On Ibiza, those visitors are increasingly very wealthy.

The island, about 90 miles east of Valencia and Spain’s eastern coastline, has long attracted artists, musicians and celebrities; the British pop singer Dua Lipa made a splash celebrating her 27th birthday there last month. The coronavirus pandemic and the ability to work remotely have resulted in an influx of even more wealth, keeping prices spiraling upward. In 2021, private jet traffic at Ibiza Airport was up almost 27 percent from the year before, according to the Engel & Völkers report.

“It’s very safe to say that prices have risen on average about 10 percent, and the sales numbers have increased about 20 percent in comparison to 2021,” said Anna Böttcher, the product and marketing manager at Prestige Properties Ibiza.

The most popular sale range these days from 3 million to 5 million euros, and sales from 10 million to 12 million euros are not uncommon, said Jorge Calvo, the sales and acquisition manager at Estela Exclusive Homes, an affiliate of Christie’s International Real Estate. (The euro, which has fallen to its lowest level in years, is currently exchanging at roughly an equal rate with the U.S. dollar.)

engelvoelkers.com

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Keller Williams Releases Expanded Edition of Your First Home

AUSTIN, Texas–(BUSINESS WIRE)–Keller Williams (KW), the world’s largest real estate franchise by agent count, announces the release of an expanded second edition of Your First Home: The Proven Path to Homeownership, a book that serves as a consumer guide to the adventure of home buying.

“This book is about buying your first home, and I sincerely want to encourage you to make that leap,” said Gary Keller, best-selling author and co-founder and executive chairman, KW. “What’s great about owning a home is that it can lay a solid foundation for your financial future while also setting the tone for your personal lifestyle.”

“This book’s goal is to be your trusted guide and help you know what to expect,” said Keller.

Assembled from hundreds of interviews and in-depth research with real estate agents and consumers, Your First Home is an in-depth guide on the complete process of homeownership. The book was expanded to address new trends and tools to help consumers find, finance and buy a home.

Your First Home helps readers:

“Real estate agents will tell you that helping first-time home buyers is one of the most satisfying aspects of their work,” said Keller. “They know that becoming a homeowner is a huge milestone, and they feel honored to be involved.”

Your First Home is 280 pages and is available at KellerINK.com, Amazon, Barnes and Noble, and other online booksellers. The book also serves as a valuable tool that real estate entrepreneurs can leverage to build their business.

A previous edition of Your First Home was published in 2008 and has sold more than 50,000 copies to date. The book was written by Keller and Jay Papasan, vice president of strategic content, KW.

Keller and Papasan are the bestselling co-authors of The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results, The Millionaire Real Estate Agent, The Millionaire Real Estate Investor, and SHIFT: How Top Real Estate Agents Tackle Tough Times.

“I love what I do and feel honored to be able to help people take ownership of their first home,” said Keller. “So, good luck on your journey. I hope it’s as smooth and enjoyable as it can be, and that you’ll be thrilled when you get there—into your first home.”

For more information and to purchase Your First Home, visit KellerINK.com. Media interviews with Papasan are available.

About Keller Williams

Austin, Texas-based Keller Williams (KW), the world’s largest real estate franchise by agent count, has more than 1,100 offices and 200,000 associates. The franchise is also No. 1 in units and sales volume in the United States.

Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders. For more information, visit headquarters.kw.com.

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Instant Reaction: Consumer Price Index, September 13, 2022

Consumer prices are still rising too aggressively and will force the Federal Reserve to take an even more hawkish stance to fight them. The overall CPI rose 8.3% from one year ago. It is not the 9.1% or 8.5% seen in the past two months, but this number is higher than expected, given the retreat in gasoline prices. A significant contributor to inflation was rapidly rising rents, which rose 6.7% from a year ago — the fastest growth in nearly 40 years. Rent prices look to accelerate in the near term as rental demand remains exceptionally high from ongoing job additions and higher mortgage rates forcing people out of the home-buying market. The one-month gain in rent was 0.77%, which translates into a hefty 9.6% annualized rent gain. Increasing the housing supply will lessen the pressure of inflation.

With hourly earnings rising by much less at 5.2%, the standard of living for many Americans is falling. In addition to falling real inflation-adjusted income, the decline in the stock market has dented overall net wealth. It has fallen by $6 trillion from the first to the second quarter. Only housing wealth has held on, with homeowners’ real estate wealth (home value minus mortgage balance) rising by $1.2 trillion. Too much spending with inadequate supply causes inflation.

Line graph: CPI Change and Rents, January 2021 to August 2022
Line graph: CPI Change and Wages, January 2021 to August 2022
Line graph: Total Household Wealth and Real Estate Wealth, Q1 2021 to Q2 2022

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Why You Should Decorate Your Hallway (and How to Get Started)

It’s easy to obsess about the design details in your kitchen, bathroom or living room. But what about your hallways? Many of us forget to decorate them — and it’s a missed opportunity.

“No one ever thinks of those passageways, but you’re in them more often than you realize,” said Allison Lind, an interior designer in Seattle. “Why wouldn’t you utilize every inch of that space to do something personal and interesting?”

Decorating your hall not only makes it feel like more of a destination, it also improves the feeling of your home, said David Frazier, an interior designer in New York: “Dressing it up helps it feel like it’s not just a service space, and elevates all the rooms that open off of it, too.”

Phillip Thomas, a New York-based designer who has used scenic wallpapers from Gracie and de Gournay depicting large-scale trees, flowers and birds.

mural artist to realize something more elaborate.

Or you could do what the ancient Romans did and add a fresco. “What makes a fresco a fresco is that it’s painted with earth and mineral pigments suspended in water that are applied directly onto freshly applied lime plaster,” said Mariel Capanna, an artist who teaches the medium at Williams College and Skowhegan School of Painting and Sculpture.

Ms. Capanna recently completed a hallway fresco for a family in Palo Alto, Calif., depicting elements from their daily lives — furniture, clothing, vehicles, flowers and other things.

Compared with paint, “there’s a very different texture” to a fresco, she said. “You can get really rich color, but also a very matte, chalky quality.”

Kate Marker, an interior designer in Barrington, Ill., uses shallow chests and long benches in hallways. “If it’s appropriate for the space, we always try to put in a piece of furniture,” she said. “It makes it feel like more of a room, rather than a passageway.”

Ms. Marker usually rolls out a long runner extending the length of the hallway. “We love vintage rugs, so we usually have a special, one-of-kind runner that we put in, almost like a piece of art,” she said. “It adds color and texture, and brings in some warmth.”

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PGT Innovations celebrates National Truck Driver Appreciation Week with gifts and fanfare across its family of brands

NORTH VENICE, Fla.–(BUSINESS WIRE)–PGT Innovations (NYSE: PGTI), a national leader in the premium window and door category, is commemorating National Truck Driver Appreciation Week with five days full of gifts and fanfare for team members across its family of brands.

The annual holiday is September 11 through September 17 this year and celebrates the hard work and commitment of the 3.6 million truck drivers across the country who deliver the goods and resources that keep our nation moving forward, as well as keep our highways safe.

PGT Innovations is proud to have 158 Class A CDL truck drivers who deliver products from its family of brands to businesses and construction sites across the country. Since the start of 2022, the company’s team of dedicated drivers have covered over 3.5 million miles.

To show their appreciation, PGT Innovations will be thanking their drivers with goodie bags, coffee, and donuts on Monday; with snacks, drinks, a certificate of appreciation, and an on-site breakfast on Tuesday; with breakfast sandwiches and a PGT Innovations branded truck driver appreciation t-shirt on Wednesday; with $50 gas gift cards, snacks, and drinks on Thursday; and with two movie tickets, a coupon for free popcorn and a drink, and the driver’s car washed by area high school students on Friday.

The festivities will take place at the main manufacturing facilities for CGI Windows & Doors®, PGT® Custom Windows + Doors, Western Window Systems, Anlin Windows & Doors, Eco Window Systems®, and NewSouth Window Solutions, located in Hialeah, FL; Venice, FL; Phoenix, AZ; Clovis, CA; Medley, FL; and Tampa, FL, respectively.

“I can’t express enough how much I truly appreciate each and every one of our drivers and the culture of care they act with every day,” said PGT Innovations President and CEO Jeff Jackson. “PGT Innovations wouldn’t be where we are today without these hard-working team members who share an unwavering dedication to always driving our company forward. Our drivers have a commitment to excellence, as well as pride in their trade, and I am thankful to have these individuals as part of our PGTI family.”

PGT Innovation’s drivers are also stewards of their community – for decades, stepping forward and volunteering to travel through hurricane-ravaged areas to deliver essential, disaster-relief items to communities that have been devastated by storms. And within the past few years, they have embraced the opportunity to undergo Highway Heroes training, which taught them how to spot the signs of human trafficking across motorways and report it.

Earlier this year, PGT Innovations was recognized for its efforts to end human trafficking by the Florida Attorney General Ashley Moody by being named a founding member of the 100 Percent Club. This statewide initiative invites business owners to commit to training 100 percent of their workforce to spot instances of human trafficking through the Highway Heroes training. To date, every single PGTI driver has completed the training and is an official Highway Hero, and the company has now expanded the anti-human trafficking training to field service and sales teams.

Last year, PGT Innovations also addressed the national shortage of CDL drivers by collaborating with FleetForce Truck Driving School to offer its own in-house driver certification training course for its existing team members. Instructors from FleetForce lead the course by guiding a group of team members through a full week of classroom learning at PGT Innovations’ Venice campus, followed by three weeks of driving instruction in a controlled parking lot.

About PGT Innovations, Inc.

PGT Innovations manufactures and supplies premium windows and doors. Its highly engineered and technically advanced products can withstand some of the toughest weather conditions on Earth and are revolutionizing the way people live by unifying indoor and outdoor living spaces.

PGT Innovations creates value through deep customer relationships, understanding the unstated needs of the markets it serves, and a drive to develop category-defining products. PGT Innovations is also the nation’s largest manufacturer of impact-resistant windows and doors and holds the leadership position in its primary market.

The PGT Innovations’ family of brands include CGI®, PGT® Custom Windows and Doors, WinDoor®, Western Window Systems, Anlin Windows & Doors, Eze-Breeze®, NewSouth Window Solutions, and a 75 percent ownership stake in Eco Window Systems®. The company’s brands, in their respective markets, are a preferred choice of architects, builders, and homeowners throughout North America and the Caribbean. Their high-quality products are available in custom and standard sizes with massive dimensions that allow for unlimited design possibilities in residential, multi-family, and commercial projects. For additional information, visit www.pgtinnovations.com.

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A Recording Studio in Manhattan, a Waterfront Apartment in New Jersey

Since moving to Weehawken, N.J., last fall, Stanley Brown has developed a nightly habit: He works long hours at the recording studio he runs in Midtown Manhattan, and usually takes an Uber home at 2 or 3 in the morning. When he arrives at his apartment building, which sits along the Hudson River with an unfettered view of Manhattan, he takes a quiet walk along the riverfront to process his day.

“I take that walk religiously,” said Mr. Brown, who lives alone. “I have conversations with the city at night. I want to see what it is that I’m buying into, or what I’m building there. It’s time to think about what’s happening and what’s coming tomorrow.”

music video for “Pause,” decked out in the group’s signature rope chains and playing a solo on the keytar.)

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Solar America Continues Industry Leadership With Inc. 5000 2022 Award Ranking

DENVER–(BUSINESS WIRE)–Solar America, the leading solar and alternative energy company, has been recognized as one of America’s fastest-growing companies with a coveted spot on the Inc. 5000 2022 rankings. America’s leading provider of solar, smart home, and security solutions, the accolade is the result of impressive and continued growth during the past three years.

The award recognizes Solar America’s outstanding growth and success by ranking the company at a time when the U.S. solar industry saw record solar and energy storage demand in 2021 despite concerns over supply chain interruptions and tariff investigations. As a result, Solar America has had one of its most successful years in business.

Solar America operates a national marketplace for solar, partnering with the top solar installers in the nation. The company connects people to the clean energy marketplace by giving them choices. More information is at https://solaramerica.io/.

The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Each of the companies on the 2022 Inc. 5000 have achieved consistent substantial successful revenue growth and demonstrated distinctive resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500 companies on the list, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years. First published in 2007, the rankings were built on of the success of the publisher’s famous Inc. 500 list of top companies, first introduced in 1982. Complete results of the Inc. 5000 can be found at www.inc.com/inc5000.

The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”

The Inc. 5000 ranking is now a sought-after hallmark of entrepreneurial success that is often compared with the famous Fortune 500 list and has previously honored leading household brand names including Pandora, 7-Eleven, Zipcar, and Zappos.com and has become a distinguished editorial awards presentation, a celebration of innovation, and an effective public relations showcase. First published in 2007, the rankings were built on of the success of the publisher’s famous Inc. 500 list of top companies, first introduced in 1982.

About Solar America

Headquartered in Denver, CO, Solar America operates a national marketplace for solar, partnering with the top solar installers in the nation. The company connects people to the clean energy marketplace by giving them choices. More information is at https://solaramerica.io/.

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The Case for Clover Lawns, the Environmentally Friendly Alternative to Grass

Edwina von Gal thinks that grass lawns can become like cigarettes: something that was once in vogue and backed by a massive industry that can be rebranded as an unhealthy and costly symbol of American corporatism.

One possible way to achieve that, says Ms. von Gal, founder of the nonprofit Perfect Earth Project, is by popularizing clover lawns. Online, photos and videos of clover lawns have frequently gone viral — #cloverlawn has over 65 million views on TikTok — and an aesthetic shift away from traditional grass lawns is already in full bloom.

“We call it our fairy garden. It’s very whimsical,” said Angelina Murphy, a content creator in Los Angeles who documented the cultivation of her clover lawn on TikTok. “We’ve been conditioned to believe that the perfectly manicured grass lawn is what you should have, but we think that it looks much better this way.”

podcast with the actress and Goop founder Gwyneth Paltrow.

Ms. von Gal, a landscape designer, defines a clover lawn as any patch of green that “allows clover to move in and weave its way through,” rather than a purely clover-filled lawn, which would mean “building a monoculture where you’re tasked with weeding out all the other stuff that moves in,” she said.

With wildfires, droughts and heat waves affecting much of the United States this summer, and extreme temperatures anticipated for years to come, a smooth, grassy lawn might become nothing more than a pipe dream for many Americans.

regulators have banned using drinking water for irrigating decorative grass in many areas. Clover, which is more heat and drought tolerant than grass, is an alternative that could still allow for pleasant lawns, while steering people away from wasting water and resources to keep their grass lush.

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$5.9 Million Sale of 13-Unit Multi-Family Property in Los Angeles, CA Arranged by The Mogharebi Group

COSTA MESA, Calif.–(BUSINESS WIRE)–The Mogharebi Group (TMG) has arranged the $5.9 Million sale of 4910-4918 Maywood, a 13-unit community in the Los Angeles neighborhood of Eagle Rock, CA. Otto Ozen and Nazli Santana of TMG represented the seller, a private investment group out of San Francisco, CA.

Built in 1961 and extensively renovated in 2020, 4910-4918 Maywood is comprised of one-, two-, and three-bedroom units housed in a 13-unit multifamily community. Property amenities include In-Unit Washer/Dryer, stainless steel refrigerator, dishwasher and gas range oven, quartz countertops, air-conditioner, and electric heater.

“According to Redfin, In July 2022, Eagle Rock home prices were up 43.7% compared to last year, meaning more housing demand switching over to the rental market, which puts quality properties like 4910-4918 Maywood even more in the spotlight,” said TMG Senior Investment Advisor Nazli Santana. “The property received significant investor interest because of those market dynamics, as well as its great location, high occupancy, and Class-A renovations. Through our proprietary 1031 exchange platform that includes a robust network of private, high net-worth and exchange buyers, we found the perfect buyer to capitalize upon the continued growth of Eagle Rock.”

Eagle Rock has consistently been ranked among the hottest residential neighborhoods in Los Angeles with a high median home price of $1.1 million, which has increased to be on par with the nearby historically desirable city of Pasadena, CA. Eagle Rock is located in a desirable location near Glendale, Highland Park, Silver Lake, Echo Park, Downtown LA, and Atwater Village, with the best retail, restaurants, entertainment venues, and recreational areas available near Downtown LA. With a median home price in Eagle Rock of $1,100,000, the average down payment required is over $220,000, which equates to a 55% affordability gap, providing the new investor of 4910-4918 Maywood with substantial upside.

About The Mogharebi Group (TMG): The Mogharebi Group is one of the largest multifamily brokerage firms in the United States by volume. With offices throughout California, Seattle and Salt Lake City, The Mogharebi Group offers private investors and investment funds deep local market knowledge, an extensive global network of top real estate investors, state-of-the-art technology, and direct access to capital with over $800 million in regularly revolving inventory. For more information visit: Mogharebi.com.

For more information visit: Mogharebi.com

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